Given the following Year 12 balance sheet data for a footwear company:
Balance Sheet Data
Cash on Hand 5,000
Total Current Assets 70,000
Total Assets 300,000
Overdraft Loan Payable 3,000
1-Year Bank Loan Payable 15,000
Current Portion of Long-Term Loans 20,000
Total Current Liabilities 55,000
Long-Term Bank Loans Outstanding 100,000
Shareholder Equity: Year 11 Balance Year 12 Change
Common Stock 10,000 0 10,000
Additional Capital 110,000 0 110,000
Retained Earnings 15,000 10,000 25,000
Total Shareholder Equity 135,000 + 10,000 145,000
Based on the above figures and the formula for calculating the debt-assets ratio, the company's debt-assets ratio (where debt is defined to include both short-term and long-term debt) is
Given the following Year 12 balance sheet data for
a. 0.127
b. 0.45
c. 0.33
d. 0.40
e. 0.46.
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